Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

J.C. Penney Co. stock is S&P 500’s biggest loser

Continue reading below

Penney’s executives may like the chain’s everyday low prices strategy, but investors are panicking. The stock fell 13 percent, the S&P 500’s biggest decline, to its lowest since March 2009, during the recession. Standard & Poor’s Ratings moved Friday to cut Penney’s credit rating — on the same day the company posted its third straight quarter of big losses. Penney unveiled the pricing plan in January; it hasn’t taken off. But the stock has lost nearly half of its value this year.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com